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President Trump of the USA plans to announce a 25% tariff on all Steel and Aluminum imports on Monday.
US President Donald Trump announced on Monday that he will impose a 25% tariff on all imports of Steel and Aluminum. Trump told reporters on Air Force One on Sunday that the tariffs will apply to Steel and Aluminum imports from all countries. He did not reveal when the tariffs would take effect. Trump also stated that later this week he will announce reciprocal tariff measures against countries that impose tariffs on US Commodities. Trump mentioned that these tariffs would not go into effect on the day of the announcement, which could be on Tuesday or Wednesday, but will follow shortly after. The new Steel tariffs may impact US Energy companies, including wind power developers, oil drilling companies, and others.
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